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Al Ansari Financial Services Launches Business Solutions Centre in India to Accelerate Innovation - Middle East Business News and Information
Al Ansari Financial Services Launches Business Solutions Centre in India to Accelerate Innovation - Middle East Business News and Information

Mid East Info

time2 days ago

  • Business
  • Mid East Info

Al Ansari Financial Services Launches Business Solutions Centre in India to Accelerate Innovation - Middle East Business News and Information

Al Ansari Financial Services PJSC (DFM: ALANSARI) (the 'Group'), the largest non-banking financial services provider in the GCC, announced today the opening of Al Ansari Financial Services Solutions Private Limited (AAFS Solutions), its new business solutions centre in Hyderabad, India. Strategically located, the centre will serve as a business solutions hub for the Group, aimed at enhancing efficiency, productivity and cost-effectiveness. The establishment of the state-of-the-art centre marks a significant milestone in the Group's commitment to innovation and operational excellence. By leveraging India's rich pool of talent and technological expertise, this office will play a pivotal role in accelerating the Group's digital transformation journey. 'We are proud to inaugurate our new offices in India,' said Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services. 'This expansion reflects our commitment to leveraging cutting-edge technology and innovative practices to provide exceptional services to our customers. We are reshaping our operations to promote leaner corporate structures and enhance the effectiveness of shared services and global business service units.' 'We are committed to fostering a culture of growth and opportunity for our employees,' added Bitar. 'The expansion of our operations in India will not only enable us to deliver greater value to our customers and shareholders but also create exciting career prospects for our talented workforce.' The India office will focus on streamlining operations, optimising processes and developing cutting-edge solutions tailored to meet the evolving needs of the financial industry. By centralising specific functions, the Group aims to foster collaboration, innovation and knowledge sharing across its expanding network. A Platform for Future Growth: In the first phase of the Group's project, an IT Excellence Centre has been established to drive innovation and improve technological capabilities. Looking ahead, the centre is poised to expand its offerings to include business process outsourcing (BPO) services, further optimising Al Ansari Financial Services' operations and allowing us to allocate more resources to core business initiatives and strategic growth.

Al Ansari Financial Services opens tech-focused base in India
Al Ansari Financial Services opens tech-focused base in India

Al Etihad

time3 days ago

  • Business
  • Al Etihad

Al Ansari Financial Services opens tech-focused base in India

2 June 2025 13:50 ABU DHABI (ALETIHAD)Al Ansari Financial Services is opening a technology-focused base in India to accelerate the digital transformation of the company operates the country's largest currency exchange—Al Ansari Exchange—and has recently been expanding its operations across other Gulf Ansari Financial Services is a Dubai Financial Market-listed company with a market cap of Dh7.25 billion. In a stock market filing on Monday, the company announced the launch of its new business solutions centre in Hyderabad, India.'The establishment of the state-of-the-art centre marks a significant milestone in the Group's commitment to innovation and operational excellence. By leveraging India's rich pool of talent and technological expertise, this office will play a pivotal role in accelerating the Group's digital transformation journey,' the stock market filing Al Ansari Financial Services Solutions Private Limited (AAFS Solutions), the new facility will serve as a strategic hub designed to enhance efficiency, productivity, and cost-effectiveness across the Group's operations. The Hyderabad centre is expected to streamline business processes, optimise performance, and support the organisation's technological advancement initiatives.'We are proud to inaugurate our new offices in India,' said Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services. 'This expansion reflects our commitment to leveraging cutting-edge technology and innovative practices to provide exceptional services to our customers. We are reshaping our operations to promote leaner corporate structures and enhance the effectiveness of shared services and global business service units.' The Hyderabad office is also expected to serve as a platform for future growth. In the initial phase, an IT Excellence Centre has been established to improve the Group's technological capabilities and foster innovation. Future plans include extending the scope of the centre to provide business process outsourcing (BPO) services.

Al Ansari Financial Services Launches Business Solutions Centre in India to Accelerate Innovation
Al Ansari Financial Services Launches Business Solutions Centre in India to Accelerate Innovation

Web Release

time3 days ago

  • Business
  • Web Release

Al Ansari Financial Services Launches Business Solutions Centre in India to Accelerate Innovation

Al Ansari Financial Services PJSC (DFM: ALANSARI) (the 'Group'), the largest non-banking financial services provider in the GCC, announced today the opening of Al Ansari Financial Services Solutions Private Limited (AAFS Solutions), its new business solutions centre in Hyderabad, India. Strategically located, the centre will serve as a business solutions hub for the Group, aimed at enhancing efficiency, productivity and cost-effectiveness. The establishment of the state-of-the-art centre marks a significant milestone in the Group's commitment to innovation and operational excellence. By leveraging India's rich pool of talent and technological expertise, this office will play a pivotal role in accelerating the Group's digital transformation journey. 'We are proud to inaugurate our new offices in India,' said Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services. 'This expansion reflects our commitment to leveraging cutting-edge technology and innovative practices to provide exceptional services to our customers. We are reshaping our operations to promote leaner corporate structures and enhance the effectiveness of shared services and global business service units.' 'We are committed to fostering a culture of growth and opportunity for our employees,' added Bitar. 'The expansion of our operations in India will not only enable us to deliver greater value to our customers and shareholders but also create exciting career prospects for our talented workforce.' The India office will focus on streamlining operations, optimising processes and developing cutting-edge solutions tailored to meet the evolving needs of the financial industry. By centralising specific functions, the Group aims to foster collaboration, innovation and knowledge sharing across its expanding network. A Platform for Future Growth In the first phase of the Group's project, an IT Excellence Centre has been established to drive innovation and improve technological capabilities. Looking ahead, the centre is poised to expand its offerings to include business process outsourcing (BPO) services, further optimising Al Ansari Financial Services' operations and allowing us to allocate more resources to core business initiatives and strategic growth.

Al Ansari Financial Services launches business solutions centre in India to accelerate innovation
Al Ansari Financial Services launches business solutions centre in India to accelerate innovation

Zawya

time3 days ago

  • Business
  • Zawya

Al Ansari Financial Services launches business solutions centre in India to accelerate innovation

Dubai, UAE – Al Ansari Financial Services PJSC (DFM: ALANSARI) (the 'Group'), the largest non-banking financial services provider in the GCC, announced today the opening of Al Ansari Financial Services Solutions Private Limited (AAFS Solutions), its new business solutions centre in Hyderabad, India. Strategically located, the centre will serve as a business solutions hub for the Group, aimed at enhancing efficiency, productivity and cost-effectiveness. The establishment of the state-of-the-art centre marks a significant milestone in the Group's commitment to innovation and operational excellence. By leveraging India's rich pool of talent and technological expertise, this office will play a pivotal role in accelerating the Group's digital transformation journey. 'We are proud to inaugurate our new offices in India,' said Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services. 'This expansion reflects our commitment to leveraging cutting-edge technology and innovative practices to provide exceptional services to our customers. We are reshaping our operations to promote leaner corporate structures and enhance the effectiveness of shared services and global business service units.' 'We are committed to fostering a culture of growth and opportunity for our employees,' added Bitar. 'The expansion of our operations in India will not only enable us to deliver greater value to our customers and shareholders but also create exciting career prospects for our talented workforce.' The India office will focus on streamlining operations, optimising processes and developing cutting-edge solutions tailored to meet the evolving needs of the financial industry. By centralising specific functions, the Group aims to foster collaboration, innovation and knowledge sharing across its expanding network. A Platform for Future Growth In the first phase of the Group's project, an IT Excellence Centre has been established to drive innovation and improve technological capabilities. Looking ahead, the centre is poised to expand its offerings to include business process outsourcing (BPO) services, further optimising Al Ansari Financial Services' operations and allowing us to allocate more resources to core business initiatives and strategic growth. For further information, please contact: Orient Planet Group (OPG) Email: media@ Website:

Al Ansari Financial Services Posts 10% Profit Rise as Digital and Regional Expansion Gains Pace
Al Ansari Financial Services Posts 10% Profit Rise as Digital and Regional Expansion Gains Pace

time14-05-2025

  • Business

Al Ansari Financial Services Posts 10% Profit Rise as Digital and Regional Expansion Gains Pace

Al Ansari Financial Services PJSC has delivered a strong performance in Q1 2025, reporting a 10 percent year-on-year rise in net profit to AED109 million, driven by higher operating income and strong growth in digital and regional operations. Operating income climbed 7 percent to AED294 million, while EBITDA rose 13 percent to AED138 million, maintaining a healthy EBITDA margin of 46.8 percent. The company also saw a modest 1 percent increase in total transactions, reaching 12.5 million in the first quarter. Growth was especially notable in digital channels, which recorded a 16 percent rise in transaction volume and now account for nearly a quarter of all outward remittances. Banknote transaction values rose 6 percent to AED22 billion, and salary disbursals through the Wage Protection System surged 27 percent to 2.5 million. Group CEO Rashed A. Al Ansari credited the results to disciplined execution and a sharp focus on customer experience, despite a challenging geopolitical and competitive landscape. Deputy Group CEO Mohammad Bitar highlighted the completion of the BFC acquisition as a key milestone in the company's regional growth strategy. He also announced the launch of a new digital wallet, which is expected to reshape how customers manage their finances and further solidify Al Ansari's position in the fintech space. The Q1 results reflect the company's continued emphasis on digital innovation and regional expansion, setting a positive tone for the rest of the year. News Source: Emirates News Agency

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